WALO is thrilled to announce the launch of the WALO Card, a reloadable prepaid Mastercard®, to help parents raise smart kids in the age of digital money.
— Rim Charkani, Co-Founder and CEO, WALO
MONTREAL, QC, CANADA, Oct. 19, 2022 /EINPresswire.com/ — The WALO Card comes with a fun mobile app for families that allows parents to use allowances as an educational tool to teach their children about financial responsibility.
Recent economic woes are a stark reminder that a shocking number of North Americans are living paycheck to paycheck. It also reminds us of how constantly stressful and divisive money can be for families. Providing solutions that help kids build good money habits is more urgent than ever. WALO, a Canadian fintech company, believes the narrative must change and is on a mission to build a solid foundation to ensure the financial well-being of future generations.
“80% of parents think allowance and chores are a practical way to help them learn the value of a dollar. We created WALO to give every child the opportunity to learn the basics of personal finance early on, so they can do better than us as young adults” – Rim Charkani, co-founder and CEO.
With WALO, parents can automate their children’s allowances and household chores, monitor their expenses, record their school activities and progress, and send them money in real time. Children can personally manage and track their money and allowances. They can use their own prepaid card to shop online and in-store. They are encouraged to create savings goals and set budgets for their next big purchase, while learning through educational content and taking interactive quizzes.
The WALO map and app are now available to all Canadian residents on Android and iOS devices.
Raising Money-Smart Children with WALO